A real estate short sale is where you owe more money on your loan than what you can sell the home for. This is not an easy transaction in this current market, but it still is possible to get your
The Law Offices of Lauren E. Jackson
We are a law practice exclusively dedicated to property related legal services. We limit our practice to: residential & commercial real estate transactions, estate planning, personal wills, estate trusts, corporate entity formation, business succession plans, estate distribution, and probate. We stand behind our integrity to provide high quality, personable and affordable legal services. We offer two convenient locations for our clients located in downtown St. Charles & the City of Elgin.
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Should I accept a Quit Claim Deed if I am buying a house?
When buying residential real estate, there are a lot of documents that you will sign and documents you will receive at the closing. One of those documents is the deed to the property. Even if you are buying with…
What is the first step of the probate process?
When a loved one dies it is a very stressful time for all family members involved. If the decedent completed their estate plan (including funding it) a lot of the work to transfer the assets upon death has been done. …
A guide to the probate process in Illinois
The probate process in Illinois is an unknown and confusing process for most individuals having to navigate it. Whether the deceased has a will or trust and the assets in the estate will determine the path we take on how…
Do you need to worry about your digital assets when you die?
As society becomes more digital, all our personal information and even some possessions are stored on the internet. Everyone seems to have email accounts, photos, social media accounts, and cloud storage just to name a few, but the list can…
How to fund your revocable trust?
If you have had your estate plan drafted recently and that plan included a revocable trust, your job is not quite over yet. One of the most important things must then do is fund your trust. If you do not…
The Importance to You and Your Loved Ones of Having an Estate Plan
In 2008, Congress recognized the need for the public to understand the importance and benefits of estate planning by passing House Resolution 1499, which designated the third week of October as National Estate Planning Awareness Week. Nevertheless, according to a…
Winning a Homebuyer Bidding War
Who could have predicted that at one moment our country and state would shut down due to a pandemic and shortly thereafter emerge into one of the hottest real estate markets in recent memory? If you are a first-time homebuyer,…
Breaking it Down: Generation-Skipping Transfer Tax
The following write-up was provided by Wealthcounsel.
Among confusing legal concepts, the generation-skipping transfer (GST) tax is at the top of the list. Because of its complexity, many attorneys lump it in with concepts such as the rule against…
Is a ‘Zestimate’ of your home accurate?
Zillow, Zillow, Zillow
The name Zillow may be a play on the word “zillions,” relating to the zillions of data points used to develop the Zestimate. Zillow also rhymes with pillow and triggers the emotions attached to homeownership.
Did you…